The Analysis of the Marginal Field Incentive - Indonesian Case
Article from: OGEL 2 (2007), in Roundup of Articles
Indonesia oil production has continually declined, the GOI has made extensive effort to find ways to improve the production rate, the marginal fields were considered to provide some contributions and part of the production improvement programs. The government of Indonesia (GOI) has identified that there are many undeveloped fields in the contractor working areas; the reason for not being developed is simply the economics. Under the existing terms and conditions, the fields are not economics enough to be developed. The GOI conducted some studies to determine the ...